U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 1% on Monday.
The Dow traded up 0.89% to 46,973.92 while the NASDAQ rose 1.35% to 22,404.50. The S&P 500 also rose, gaining, 1.07% to 6,703.37.
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Leading and Lagging Sectors
Financial shares climbed by 1.6% on Monday.
In trading on Monday, energy stocks rose by just 0.2%.
Top Headline
Dollar Tree, Inc. (NASDAQ:DLTR) reported upbeat earnings for the fourth quarter on Monday.
The company posted quarterly earnings of $2.56 per share which beat the analyst consensus estimate of $2.52 per share. The company reported quarterly sales of $5.451 billion compared to the analyst consensus estimate of $5.462 billion.
Dollar Tree said it sees FY2026 adjusted EPS of $6.50-$6.90 versus market estimates of $6.69. The company sees sales of $20.500 billion-$20.700 billion, versus estimates of $20.690 billion.
Equities Trading UP
- Urgent.ly Inc (NASDAQ:ULY) shares shot up 164% to $5.36 after the company announced it entered into an agreement to be acquired by Agero for $5.50 in cash per share.Also, the company reported better-than-expected fourth-quarter financial results.
- Shares of CytomX Therapeutics Inc (NASDAQ:CTMX) got a boost, surging 56% to $7.28 after the company reported fourth-quarter results and announced Phase 1 expansion data for EpCAM PROBODY ADC, Varseta-M in late-line metastatic CRC.
- Hcw Biologics Inc (NASDAQ:HCWB) shares were also up, gaining 92% to $0.99 after the company announced results for HCW9206 production platform for CAR-T cell therapies.
Equities Trading DOWN
- Zepp Health Corp – ADR (NYSE:ZEPP) shares dropped 20% to $16.69. Zepp Health reported quarterly losses of 40 cents per share, versus year-ago losses of $1.40 per share. The company reported $85.165 million in sales, up from $59.542 million in the year-ago period.
- Shares of Nasus Pharma Ltd (NYSE:NSRX) were down 38% to $3.09 after the company announced top line data from Phase 2 clinical study of NS002.
- Sealsq Corp (NASDAQ:LAES) was down, falling 12% to $3.40 after the company announced a $125 million offering of 30.4 million shares with warrants.
Commodities
In commodity news, oil traded down 4.1% to $94.71 while gold traded down 0.7% at $5,028.10.
Silver traded down 0.1% to $81.245 on Monday, while copper rose 1.1% to $5.8205.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.8%, while Spain's IBEX 35 Index rose 0.9%. London's FTSE 100 rose 1.1%, Germany's DAX gained 0.9% and France's CAC 40 rose 0.6% during the session.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei 225 falling 0.13%, Hong Kong's Hang Seng index gaining 1.45%, China's Shanghai Composite slipping 0.26% and India's BSE Sensex gaining 1.26%.
Economics
- The NY Empire State Manufacturing Index declined to -0.2 in March from 7.1 in the previous month, down from market estimates of 3.2.
- The NAHB/Wells Fargo Housing Market Index rose to 38 in March from 37 in the previous month, versus market estimates of 37.
- U.S. industrial production rose 0.2% month-over-month in February, compared to market estimates of 0.1%.
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